EdgeCore: SV02 Data Center News

Edgecore completes $440 million debt financing deal

EdgeCore Digital Infrastructure has completely secured a $440 million debt financing deal for its Silicon Valley data center buildout. This deal along with a $1.9 billion deal secured in January, were both structured as Green Loans, with ING Capital LLC as the sole Green Loan Structuring Agent...

March 14, 2024

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

EdgeCore secures $1.9 billion in green energy debt financing

US data center firm EdgeCore Digital Infrastructure recently raised $1.9 billion in a debt financing transaction to fund scalable development on its campus in Mesa, Arizona. This financing comprises a limited-recourse senior secured term loan, a revolving senior secured letter of credit facili...

January 05, 2024

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

OpenAI president Greg Brockman quits as the company fires CEO

OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company ...

November 20, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

OpenAI co-founder Sam Altman fired from the company

OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technol...

November 19, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

EdgeCore begins construction of a data center in Reno, Nevada

EdgeCore Digital Infrastructure has begun construction on a new facility in Reno, Nevada. The company announced last week that it has begun construction on its first data center campus in the Reno, Nevada metropolitan area, nearly five years later than originally planned.Two data centers will ...

August 11, 2023

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

Developers in San Jose, California, switch hotel plans for data center development

Plans for an entertainment district development in San Jose, California, have been scrapped and replaced with data center plans, it has been announced. Back in 2018, developer Terra Ventures had initially pitched for development known as 'Shops @ Terra'; this would have been an entertainment d...

August 08, 2023

San Francisco Bay Area

EdgeCore ntends to construct a data center in Sterling, Virginia.

EdgeCore, an American data center company, intends to construct multiple data centers in Sterling, Virginia. According to a summary of a land development application filed to Loudoun County in February, EdgeCore submitted a site plan to construct a data center in Sterling. The property is loca...

May 25, 2023

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

North San Jose Slated to Receive New Data Centers

This week, the San Jose City Council unanimously authorized plans for a sophisticated manufacturing complex and data centers in North San Jose. Denver-based STACK Infrastructure plans to destroy two industrial buildings on a nearly 10-acre parcel, including a former Olympus service center, and...

May 12, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

EdgeCore to expand its Arizona campus

EdgeCore Digital Infrastructure has announced that it is expanding its data center campus in Mesa, AZ. Located in the greater Phoenix area, the 40-acre campus will, at full build-out, will be able to support a minimum of 200 MW of critical load. While the company has released details that the...

May 01, 2023

EdgeCore Internet Real Estate, LLC

Silicon Valley Sees Surge in Data Center Construction as Tech Giants Expand Operations

Silicon Valley is experiencing a surge in the construction of data centers, according to a report by real estate services firm Cushman & Wakefield. At the end of last year, 17 new data centers were either under construction or in development, with a total planned area of 4.7 million square...

April 18, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

Third Completely Diverse Dark Fiber Route Added to Bandwidth IG's San Francisco Bay Area network

With the construction of its dark fiber network, Bandwidth Infrastructure Group (Bandwidth IG) is enhancing connection options for the San Francisco Bay Area's densely populated area of data centers. Critical fiber infrastructure is now available from Santa Clara in the San Francisco Bay Area ...

April 06, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

EdgeCore plans a new Loudoun data center

EdgeCore Digital Infrastructure is reportedly working on a new data center with Penzance, a real estate investor and developer. The facility, which will be located at 1501 Moran Road in Sterling, Loudoun County, Northern Virginia will be three stories, spanning a 285,000-square-foot data cent...

March 31, 2023

EdgeCore Internet Real Estate, LLC

Lee Kestler is Appointed CEO of EdgeCore

Lee Kestler has been named the new CEO of data center builder EdgeCore Digital Infrastructure, a worldwide data center builder, owner, and operator. The company said this week that Kestler has been appointed as the new CEO of EdgeCore, effective immediately, by the board of directors. Tom R...

March 14, 2023

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

EdgeCore Begins Santa Clara Data Center Campus Construction

EdgeCore Digital Infrastructure is building a new facility in Santa Clara, California. The company started building the first of two data centers on Juliet Lane and Laurelwood Road this week. The two-story SV01 has 36MW in 255,200 sq ft. The LEED-certified facility will have 72MW in 540,000...

February 01, 2023

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

Partners Group Acquires EdgeCore Digital For $1.2 Billion

Partners Group has acquired edgeCore Digital Infrastructure. The equity company revealed that it would fund the $1.2 billion acquisition. The fund will help EdCore develop its existing and future data center facilities. EdgeCore was established in 2018. The data center company is backed by mor...

November 11, 2022

Abdul-Rahman Oladimeji

EdgeCore Internet Real Estate, LLC

CIM Group Lists a 24MW Purpose-built Data Center For Lease in San Francisco

JLL and CIM Group have listed a new purpose-built data center for lease. The data center is located at 400 Paul Avenue in San Francisco, California. The data center offers 24MW of power across 182,250 square feet of two-story powered shell building on 7.3 acres. Per additional information in t...

September 05, 2022

Abdul-Rahman Oladimeji

San Francisco Bay Area

Material and labor shortages in the data center

As the need for data grows and grows, demand for data center construction is as strong as ever, however, the boom is being hampered by a number of factors, including supply and labor shortages, and price hikes. In a recent report named 'Data center market conditions update - Q1, 2022,' constru...

June 14, 2022

San Francisco Bay Area

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